Key Changes in Legislation:
1. Modification of Reservation Procedure for Conscripts during Mobilization:
– Electronic interaction between registries for verifying reservation conditions has been introduced
– Government agency employees receive reservation without time limitation
– Deadline for document submission reduced to 5 days
2. New Public Investment Distribution System Created:
– Interdepartmental Commission headed by the Minister of Finance has been established
– 70% of funds will be directed to already initiated projects
– Project implementation monitoring has been introduced
3. Housing Subsidy Provision Procedure Updated:
– Independent document submission by applicant within 14 days is now allowed
– Territories for internally displaced persons’ subsidies have been clarified
– Conditions regarding real estate purchase in occupied territories have been modified
4. New Rules Established for Strategic Enterprises:
– Importance criteria for enterprises in nuclear energy sector have been defined
– List of strategic enterprises in agriculture has been expanded
– New importance criteria established in fishery sector
5. International Memorandum of Cooperation between Financial Intelligence Units of Ukraine and Jersey regarding money laundering prevention has been signed.
Review of each of legal acts published today:
On the Accounting Price of Banking Metals
This is a daily informational notice by the National Bank of Ukraine on establishing accounting prices for banking metals.
The document structure is simple – a table with official accounting prices for four types of banking metals (gold, silver, platinum, palladium), determined per troy ounce in hryvnias.
Key provisions:
1. Prices are set for March 5, 2025
2. Gold is valued at 121,593.37 UAH per ounce
3. Silver – 1,328.89 UAH per ounce
4. Platinum – 39,946.67 UAH per ounce
5. Palladium – 39,380.79 UAH per ounce
It is important to understand that these prices are reference and used for accounting, customs, and statistical purposes. The NBU directly states that it does not undertake obligations to buy or sell metals at the specified prices.
On the Official Exchange Rate of the Hryvnia to Foreign Currencies
This is an official notice by the National Bank of Ukraine establishing exchange rates of foreign currencies relative to the hryvnia for March 5, 2025.
The document structure represents a table with official rates for 34 foreign currencies. For each currency, its digital and literal code, number of units, full name, and rate relative to the hryvnia are indicated.
Key provisions:
1. The base currency is the US dollar with a rate of 41.5782 UAH
2. Euro is set at 43.8775 UAH
3. The highest rate is for the British pound sterling – 53.0018 UAH
4. Rates are established for accounting, NBU operations with the State Treasury Service of Ukraine, and other cases defined by law
5. An important caveat – the NBU does not undertake obligations to buy or sell currencies at the specified rates
This is a daily NBU message that serves as a basis for recording currency transactions in accounting and official statistics.
On the Appointment of Zhylinska N.M. as Director of the State Institution “Superhero School”
This is an order of the Cabinet of Ministers of Ukraine on a personnel appointment of an institution head.
The document has a simple structure and contains one main provision – the appointment of Nataliia Mykolaivna Zhylinska as director of the state institution “Superhero School”.
Key appointment features:
– Appointment term is limited – no more than 12 months after termination or cancellation of martial law
– Powers begin with the actual start of official duties
– Appointment is made under current martial law conditions
This is a typical government personnel order for appointing an institution head, taking into account wartime specifics.
On the Dismissal of Zhylinska N.M. from the Duties of Director of the State Institution “Superhero School”
This is an order of the Cabinet of Ministers of Ukraine, an individual act on a personnel decision.
The essence of the document is the dismissal of Nataliia Mykolaivna Zhylinska from the position of director of the state institution “Superhero School” based on her own desire.
The order has a simple nature and consists of one point containing the direct decision on dismissal. The document is signed by the Prime Minister of Ukraine.
The main provisionHere is the translation of the first part of the text:
The reason for dismissal is a voluntary resignation, which corresponds to Article 38 of the Labor Code of Ukraine, according to which an employee has the right to terminate an employment contract on their own initiative.
On Appointing V. Zaluzhnyi as Permanent Representative of Ukraine to the International Maritime Organization (IMO)
This is a decree on a diplomatic appointment, by which Valerii Zaluzhnyi is appointed as the Permanent Representative of Ukraine to the International Maritime Organization (IMO) concurrently with his primary position as Extraordinary and Plenipotentiary Ambassador of Ukraine to the United Kingdom.
The structure of the decree is simple – it consists of one point, which makes the appointment. This is a typical form for decrees on diplomatic appointments.
Key points of the decree:
– The appointment is made concurrently, that is, in addition to the primary position of ambassador
– IMO is a specialized UN agency for maritime navigation, maritime safety, and prevention of marine environment pollution
– Representation at IMO logically combines with the position of ambassador to the United Kingdom, as the organization’s headquarters is located in London
Would you like me to continue translating the rest of the document?Here is the translation of the first part of the text:
1. Representatives of all key ministries will participate
2. Approval of the Commission Regulations and Funds Distribution Procedure
3. Defining project selection criteria: priority, readiness level, availability of funding
4. Establishing a procedure for monitoring project implementation and the possibility of reviewing funding
Key provisions for use:
– At least 70% of the total public investment volume must be directed to continuing/completing already started projects
– In case of violation of implementation deadlines or project cost increase by more than 10%, the project is subject to re-examination
– The Commission may initiate a state financial audit of projects where violations have been identified
– Commission decisions and project lists are published on the Ministry of Finance website
Would you like me to continue with the translation of the subsequent sections?Here is the translation of the first text:
Loan Agreement with the International Bank for Reconstruction and Development and the International Development Association for the Investment Project “Creating Resilient Infrastructure in Vulnerable Environments in Ukraine”
This order of the Cabinet of Ministers concerns attracting international financing for infrastructure development in Ukraine. The document approves obtaining combined financing of approximately USD 431.75 million from World Bank structures for implementing a project to create resilient infrastructure in vulnerable environments.
The document structure is simple – it is a single administrative provision recognizing the expediency of attracting three types of financing:
– loan from IBRD (USD 212 million)
– credit from IDA (USD 209.75 million)
– grant from IBRD and IDA as administrators of the donor fund (USD 10 million)
Key points for practical application:
1. This is a framework document that opens the possibility for further conclusion of specific financing agreements
2. Financing has a targeted nature – only for the project of creating resilient infrastructure
3. The total financing amount is quite significant – over USD 430 million, with most being borrowed funds, and the grant component being relatively small
